secwatch.observer — SEC 8-K summary
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Issuer:     POWER INTEGRATIONS INC (POWI)
CIK:        0000833640
Form:       8-K
Filed at:   2025-07-17T23:59:59+00:00
Accession:  0000833640-25-000146
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Power Integrations names Analog Devices exec Jennifer Lloyd as CEO, effective July 21, 2025
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- Jennifer Lloyd (ex-Analog Devices VP) appointed CEO and board member; Balu Balakrishnan becomes Executive Chairman through Feb 2026, then consultant.
- Lloyd receives $650K base salary, $2.5M RSUs, $2.5M PRSUs, and $1M sign-on RSUs; total equity value up to ~$6M+.
- Balakrishnan's severance benefits amended; will earn $375K/year as Executive Chairman, then consulting role through Feb 2029.
- Company expects $14-$17M net stock compensation charge in Q3 2025 due to accelerated vesting of Balakrishnan's awards.
- Lloyd previously served on Power Integrations board from 2021-2022; brings deep power-industry expertise.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833640/000083364025000146/0000833640-25-000146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833640/000083364025000146/powi-20250711x8k.htm
  HTML page:      https://secwatch.observer/filing/0000833640-25-000146

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer